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Hyflux RPCS aka Securities


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Where is Hyflux now?

 

 

It is imperative that the board impress upon the other involved players, such as the banks and offtakers, of what is at stake and the knock-on effect or consequences for the tens of thousands of retail investors. Banks and offtakers should not restrict the sale of any asset to preferred bidders. Since Hyflux has many creditors, some with more clout than others, decisions cannot be made without their buy-in.

 

Different classes of creditors would only be concerned with their exposure. This mindset, though natural, will be harmful to those lower in the hierarchy. Likewise, for the counterparties to the crucial contract whose agreement is required for any new party to come in and take over, the board must bring to the attention of these parties - banks and offtakers - that beyond their own commercial considerations and legal entitlements, there are people downstream who will be affected.

 

SIAS hopes that when considering interests of creditors, while giving effect to priorities under contract, the interests of holders of public debt should also be considered, including the 34,000 holders of Hyflux Perpetual and Preference shares securities, whose savings are at stake.

 

To assist the company with its restructuring and in developing a proposal, SIAS has put in place a steering committee with the necessary legal and financial advisors. This is to ensure interests of all stakeholders are taken into account and not just the secured bank lenders, and ensuring that the retail investors have their say on the restructuring. Hyflux has accepted SIAS' recommendation that these committees engage top-notch legal and financial advisors and to bear the costs.

 

https://www.businesstimes.com.sg/opinion/where-is-hyflux-now

 

Edited by Blueray
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Banks don't give a shit who buys it lor. They only want their money back. Whether or not sold below book value also not their issue.

 

yeah, sounds like a plea from SIAS on behalf of the holders of the perpetuals ... 

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who wan to take over a pile of Sai 

I think Sembcorp was a bidder for building this plant when the tender came and it loses to Hyflux based on price. So now, if Sembcorp can buy over a "Built" and operating plant and still able to lowball the offer, I think its viable business??

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yeah, sounds like a plea from SIAS on behalf of the holders of the perpetuals ...

Who is the one that put restrictions on potential buyers? Offtaker means who?

 

Maybe reminding them that having thousands of upset people won't be good for their next election.

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I think Sembcorp was a bidder for building this plant when the tender came and it loses to Hyflux based on price. So now, if Sembcorp can buy over a "Built" and operating plant and still able to lowball the offer, I think its viable business??

Unless one has access to the P/L and understand why Hyflux is making losses, else after taking over price will go up somehow. In most cases , after acquisition the first thing is always cost cutting..
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Unless one has access to the P/L and understand why Hyflux is making losses, else after taking over price will go up somehow. In most cases , after acquisition the first thing is always cost cutting..

Why does this sounds like water prices are going up soon?? hahaha... [knife]  Its us consumers that suffer in the end.

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Hyflux says still in talks on possible Tuaspring sale, strategic investment; no details given

 

SINGAPORE - Hyflux remains actively engaged in discussions with potential investors in its Tuaspring water and power project and in the rest of the group, but has not committed to any particular option and remains open to considering various opportunities, the water and power infrastructure company announced on Friday (Oct 5) during the midday trading break.

 

Hyflux, which is seeking to restructure its debts through the Singapore courts, said that it has parallel and concurrent processes to consider, first, the divestment of Tuaspring; and, second, strategic investments in Hyflux itself.

 

"These processes run in parallel and are at the stage where the company is actively engaged in discussions with potential investors in Tuaspring and/or the rest of the Hyflux group," the company said.

 

"The company has not committed itself to any particular option or any of the proposals received at this point in time and remains open to considering various opportunities. Any proposals received are also subject to approval by the relevant authorities where required."

 

But Hyflux said that it cannot comment on specific details of discussions at this time due to confidentiality requirements and the need to protect the company's interests in ongoing talks.

 

The company's comments came amid heightened speculation about Hyflux's attempts to raise capital. The company is expected to give an update to the Singapore court on Monday.

 

Bloomberg, citing sources, had reported earlier this week that Sembcorp Industries was the only party to submit a final bid for Tuaspring, a massive desalination project that Hyflux is hoping to sell. The report said that Keppel, the only other candidate that was approved by Singapore's Public Utilities Board, had declined to submit a binding bid.

 

The Bloomberg report also said that Hyflux could consider overseas investors that are interested in buying over the entire Hyflux business, but that regulatory approval could pose a hurdle to those plans.

 

Hyflux neither affirmed nor denied Bloomberg's report, but cautioned stakeholders against relying on third-party information sources that could be incomplete or inaccurate.

 

Trading in Hyflux shares is currently suspended.

 

https://www.straitstimes.com/business/companies-markets/hyflux-says-still-in-talks-on-possible-tuaspring-sale-strategic

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Who is the one that put restrictions on potential buyers? Offtaker means who?

 

Maybe reminding them that having thousands of upset people won't be good for their next election.

From my reading, PUB is off taker. Tuaspring is a utility project, so there might be restrictions on who can buy it. For national security consideration, the govt might prefer a friendly party to buy it. Just guessing.
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From my reading, PUB is off taker. Tuaspring is a utility project, so there might be restrictions on who can buy it. For national security consideration, the govt might prefer a friendly party to buy it. Just guessing.

 

What you said makes sense.

 

 

Until you look at the list of gencos.

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What you said makes sense.

 

 

Until you look at the list of gencos.

In water we don't have self sufficiency yet. Also, you don't want someone running KTVs in China to be running one of our desalination plants, so money alone cannot buy Tuaspring. Lol
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